{"id":4833,"date":"2022-06-02T10:15:00","date_gmt":"2022-06-02T10:15:00","guid":{"rendered":"https:\/\/omni48.com\/news\/a-recession-could-throw-cold-water-on-the-housing-market-but-that-doesn-t-mean-it-s-going-to-get-any-easier-to-buy-a-home"},"modified":"2022-10-18T05:11:18","modified_gmt":"2022-10-18T05:11:18","slug":"a-recession-could-throw-cold-water-on-the-housing-market-but-that-doesn-t-mean-it-s-going-to-get-any-easier-to-buy-a-home","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/a-recession-could-throw-cold-water-on-the-housing-market-but-that-doesn-t-mean-it-s-going-to-get-any-easier-to-buy-a-home","title":{"rendered":"A recession could throw cold water on the housing market &#8212; but that doesn&#8217;t mean it&#8217;s going to get any easier to buy a home"},"content":{"rendered":"<p>With rates generally on the rise and inflation putting pressure on everyday costs, Americans are likely to have a harder time affording housing &#8212; let alone a new home purchase in 2023. Getty Images Experts forecast a possible recession in 2023. A downturn in the economy would hit a housing market that&#8217;s been running hot for years. But there&#8217;s still a shortage of available housing and prices are not widely expected to drop. The US economy is in a strange place&#8211; and that means the housing market is too. As rising interest rates do their job to tamp down demand, fears of a coming recession are on the rise. Prospective buyers may be wondering what it all means for their dreams of owning a home. In short, price growth will likely slow down as demand falls, and mortgage rates have begun to edge lower after soaring earlier this year. But with a persistent lack of available homes for sale, an<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US could see an economic slowdown in 2023, but a cooling housing market won&#8217;t necessarily make it&#8217;s easier to buy a house.<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[33,27,76,49],"class_list":["post-4833","post","type-post","status-publish","format-standard","hentry","category-news","tag-business","tag-economy","tag-housing","tag-real-estate"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/4833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=4833"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/4833\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=4833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=4833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=4833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}